Price for Steel, Stainless; Angles, Shapes and Sections in Thailand - 2024
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Thailand (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Thailand (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Thailand
- Exports of Steel, Stainless; Angles, Shapes and Sections in Thailand
Price for Steel, Stainless; Angles, Shapes and Sections in Thailand (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $3,858 per ton, rising by 17% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 43% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($17,778 per ton), while the price for China ($2,781 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+30.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; Angles, Shapes and Sections in Thailand (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $2,658 per ton, growing by 47% against the previous year. Over the period under review, the export price showed buoyant growth. The growth pace was the most rapid in 2018 an increase of 147%. The export price peaked at $2,675 per ton in 2019; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($20,465 per ton), while the average price for exports to India ($1,130 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Thailand
In 2022, purchases abroad of steel, stainless decreased by -0.6% to 4.6K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year. As a result, imports reached the peak of 5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel, stainless skyrocketed to $18M in 2022. The total import value increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Steel, Stainless; Angles, Shapes and Sections in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.8 | 6.1 | 7.8 | 7.6 | 3.8% |
| Japan | 2.4 | 1.8 | 2.1 | 2.9 | 6.5% |
| Malaysia | N/A | 2.1 | 3.0 | 2.7 | 13.4% |
| India | 1.4 | 1.1 | 0.4 | 2.3 | 18.0% |
| Others | 2.0 | 1.4 | 1.9 | 2.1 | 1.6% |
| Total | 12.6 | 12.5 | 15.1 | 17.6 | 11.8% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Thailand in 2022:
- China (2734.2 tons)
- India (713.6 tons)
- Japan (515.6 tons)
- Malaysia (458.5 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Thailand
In 2022, overseas shipments of steel, stainless decreased by -46% to 258 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 106%. As a result, the exports reached the peak of 788 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel, stainless shrank to $684K in 2022. Overall, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2020 with an increase of 129% against the previous year. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Steel, Stainless; Angles, Shapes and Sections in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 167 | 220 | 265 | 165 | -0.4% |
| Cambodia | 298 | 549 | 310 | 162 | -18.4% |
| Norway | N/A | N/A | 0.3 | 115 | 38233.3% |
| Lao People's Democratic Republic | 11.1 | 130 | 161 | 62.2 | 77.6% |
| Vietnam | 7.5 | 0.2 | 13.4 | 45.4 | 82.2% |
| Indonesia | N/A | 0.6 | 3.2 | 8.2 | 269.7% |
| Taiwan (Chinese) | N/A | 58.4 | N/A | N/A | 0% |
| Others | 12.6 | 174 | 33.5 | 126 | 115.4% |
| Total | 495 | 1,133 | 787 | 684 | 11.4% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Thailand in 2022:
- Cambodia (139.7 tons)
- Myanmar (62.5 tons)
- Lao People's Democratic Republic (31.7 tons)
- Vietnam (8.2 tons)
- Norway (5.6 tons)
- Indonesia (4.7 tons)
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